CARGO CONTINUES TO SOAR AT LAX WITH RECORD $14.9 BILLION IN JUNE TRADE

08/22/2022 08:00 AM

FOR IMMEDIATE RELEASE
Aug. 22, 2022

CONTACT:
LAX Public Relations
(424) 646-5260
CARGO CONTINUES TO SOAR AT LAX WITH RECORD $14.9 BILLION IN JUNE TRADE

(Los Angeles) Cargo operations at Los Angeles International Airport (LAX) in June set another single-month record for trade by value, with a total of $14.9 billion in global imports and exports.

 

"The continuation of record-setting cargo operations at LAX highlights our airport’s critical role in the global supply chain," said Justin Erbacci, Chief Executive Officer, Los Angeles World Airports (LAWA). "LAX is one of the busiest ports in the nation, and our long-term cargo modernization plan will ensure that we have the infrastructure and modern facilities needed to continue in this role for decades to come.”

 

In June LAX totaled $8.86 billion in imports and $6.07 billion in exports, a 22.94% increase over June 2021. This also was an impressive 16.59% increase over May 2022, according to a ustradenumbers.com analysis of U.S. government data.
 
For the first half of 2022, trade at LAX was valued at $78.71 billion, which is a 21.52% increase over the first six months in 2021. Imports have led the way at $47.81 billion year-to-date while exports were valued at $30.9 billion. Those figures place LAX eighth among all ports of entry in the U.S., and third among all U.S. airports.
 

Read more about the latest cargo and trade numbers here.

About Los Angeles International Airport (LAX)

LAX, the fifth-busiest airport in the world in 2021 with 48 million passengers, is in the midst of a $15-billion capital improvement program that will touch on all nine passenger terminals and build new facilities, including an Automated People Mover (APM) train, Consolidated Rent-A-Car (ConRAC) facility and the West Gates at Tom Bradley International Terminal.
 
In 2019, LAX served nearly 88.1 million passengers and offered an average of 700 daily nonstop flights to 113 destinations in the U.S. and 1,200 weekly nonstop flights to 91 markets in 46 countries on 72 commercial airlines.


LAX generates 620,600 jobs in Southern California, with labor income of $37.3 billion and economic output (business revenues) of more than $126.6 billion, according to an economic study based on 2014 operations. This activity added $6.2 billion to local and state revenues and $8.7 billion in federal tax revenues. The study also reported that LAX's ongoing capital improvement program creates an additional 121,640 annual jobs with labor income of $7.6 billion and economic output of $20.3 billion; $966 million in state and local taxes; and $1.6 billion in federal tax revenues.

LAX is part of a system of two Southern California airports – along with Van Nuys general aviation – that are owned and operated by Los Angeles World Airports (LAWA), a proprietary department of the City of Los Angeles that receives no funding from the City's general fund.

LAWA is leading the aviation industry in sustainability practices, with initiatives related to water management, energy (electricity) management, air quality, recycling and natural resources management. In 2019, LAX received Level III ACI Airport Carbon Accreditation from Airports Council International-Europe.

LAWA is also a leader in inclusivity, operating eight programs that provide opportunities for business enterprises including local, small, minority-owned, veteran-owned and disadvantaged firms, and working together with community partners to offer the HireLAX Apprenticeship Readiness Program, which targets local workers to make them ready for rewarding careers in the construction trades, and the Build LAX Academy, designed to prepare small contracting businesses for success when working on projects at LAX.

LAX was named a top-10 U.S. airport by SKYTRAX in 2018, and was honored as the "Most Innovative Airport for Passenger Experience" in 2019 by the American Association of Airport Executives. LAX is the second-most popular airport in the world to appear on Instagram, according to wego.com. Other recent honors have included selection as the No. 9 Best Airport (Wall Street Journal); No. 7 Best On-Time Performance for a Mega-Hub Airport (OAG); one of "The World's Best Airports for Business Travelers" (GlobeHunters); Public-Private Partnership of the Year (P3 Bulletin); Urth Caffe, Best Airport Coffee Concession of the Year (Global FAB Awards); Innovation of the Year, Consolidated Rent-A-Car Facility (ARTBA); Best Project, United Airlines Terminal 7 and 8 Redevelopment Program (Engineering News Record California); North American Public-Private Partnership Deal of the Year (IJ Global); and Innovative Transportation Solution of the Year, Automated People Mover (WTS LA).


As a covered entity under Title II of the Americans with Disabilities Act, the City of Los Angeles does not discriminate on the basis of disability and, upon request, will provide reasonable accommodation to ensure equal access to its programs, services, and activities. Alternative formats in large print, braille, audio, and other forms (if possible) will be provided upon request.

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